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 COVER STORY

Hospitality Industry: Taxing Continues Unhindered
It’s the same old story once again - of gross neglect for the travel and tourism sector in the annual budgeting exercise. It’s a typical case of disconnect in words and deeds at the highest level. Will this kind of treatment help tourism sector achieve the target set in the approach paper for the 12th Five-Year Plan? Hospitality Biz tries to understand this disparity and the industry’s sentiments
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 INTERVIEW
‘Our products are manufactured with the highest quality standards' - Pankaj Chaturvedi, ED, and CEO, Rich Graviss Products Pvt. Ltd.
With the launch of ‘Rich’s Whip Topping – Sugar Free’ at the recently held IFCA National Culinary Congress, Rich Graviss Products Pvt. Ltd., a joint venture between M/s Rich Products Corporation (USA) and Graviss Frozen Foods Pvt. Ltd. (India) is looking at expanding in Tier III cities. Pankaj Chaturvedi, Executive Director and CEO, Rich Graviss Products Pvt. Ltd. speaks to Hospitality Biz about the group’s expansion plans
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 SPECIAL REPORT

Hotel performance review – India
STR Global is delighted to be working in partnership with Horwath HTL-India to increase the availability of data on the Indian hotel market and to provide you with regular market commentaries on the recent performances. The commentary below is based on STR Global’s hotel performance statistics and Horwath HTL – India’s analysis. We are pleased to be able to share with you this article written by Vijay Thacker, Director Horwath HTL-India in which he is sharing his insights and expectations for the market.
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This Week's Top Headlines
Hotel and Tourism sector in India attracts Rs 4,041 crore FDI between April 2011 to January 2012
  The Hotel and Tourism sector in India is declared as a high priority sector. Foreign Direct Investment (FDI) upto 100 per cent, under the automatic route is permitted in this sector subject to applicable laws, regulations, security and other conditionalities. ...read more>>
India looking to promote Incredible India brand at 2014 FIFA World Cup
  India Tourism is looking to promote the Incredible India brand at the 2014 FIFA World Cup in Brazil. Emphasising on the need for a collaborative effort among the five BRICS nations to take the tourism cause forward, ...read more>>
ICRA releases Indian hotels industry Quarterly Review March 2012
  ICRA Limited in its Quarterly Review March 2012 expects the Indian hotels industry to finish 2011-12 on a weaker note with subdued pricing power eroding margins. ...read more>>
Jaipur to be showcased as the only Tier II city in India with most five-star hotels at GITB
  The Great Indian Travel Bazaar (GITB) to be held between April 15-17, 2012 is going to showcase Jaipur as the only Tier II city in the country with the largest inventory of five-star hotels. ...read more>>
Carlson Rezidor to look for strategic partners to increase Park Inn by Radisson footprint across India
  Carlson Rezidor Hotel Group will try to establish strategic partnerships region-wise to increase the 'new generation' Park Inn by Radisson brand of full-service, mid-scale hotels across the country. ...read more>>
Swiss International Hotels & Resorts to operate 50 hotels in India by 2017
  Geneva-based Swiss International Hotels & Resorts, which currently has 15 hotels in six countries, plans to open 50 hotels in India by 2017. The company plans to take up management and ...read more>>
Interstate Hotels & Resorts expands its India portfolio to 13 hotels
  Interstate Hotels & Resorts recently announced that the company has expanded its signed and managed hotels portfolio in India to 13 with the April 1, 2012 management transition of The Turtle on the Beach ...read more>>
Worldhotels to open its first branded hotel in India in Chandigarh by August 2012
  Worldhotels, a global collection of independent hotels offering sales, marketing and technology services to hotels, plans to open its first branded hotel ‘Worldhotel Turquoise Chandigarh’ in India by August 2012. ...read more>>
The Lalit Suri Hospitality Group unveils 'The Lalit Legacy Tower' at The Lalit New Delhi
  The Lalit Suri Hospitality Group has recently unveiled ‘The Lalit Legacy Tower’ at its flagship property The Lalit New Delhi after refurbishment. “In the year 1988, ...read more>>
Aamod Resorts launches Golden Turtle Farm near Manesar in Haryana
  Aamod Resorts has recently launched a ten-room boutique farm near Manesar, Haryana. Located on NH-8, Golden Turtle Farm is spread over two acres of area and ...read more>>
Liquor sales fall in Maharashtra in 2011-12
  Liquor sales in Maharashtra have fallen due to high excise duty rates, admitted state Excise department officials. The department’s figures indicate that sales from April 2011 to February 2012 ...read more>>
Lavazza launches Lavazza Espression store in Bengaluru, its second in India
  Lavazza has recently launched its signature coffee shop ‘Lavazza Espression’ in The Leela Palace Bangalore. With the launch of this outlet, Lavazza now has two Espression stores in India, ...read more>>
McCain Foods India aims to double year-on-year business in India
  McCain Foods India, the Indian subsidiary of McCain Foods Canada, is looking at doubling the business growth in the Indian market by creating awareness and ...read more>>
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